Accelerate Network Private Limited
About Accelerate Network Private Limited
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Accelerate Network Private Limited is a private limited company based in Hingoli, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 16 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U74120MH2011PTC220967.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Deepak Patel and Manish Purohit.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mandhane Complex Ganesh Peth Bank Colony Basmath, Hingoli, Maharashtra, India – 431512.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.08 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4,808 (net margin -1.6%) and EBITDA of ₹16,236 (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Accelerate Network Private Limited's registered office is in Hingoli, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMandhane Complex Ganesh Peth Bank Colony Basmath, Hingoli, Maharashtra, India – 431512
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Accelerate Network Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Accelerate Network Private Limited
FY 2025 filings availableAccelerate Network Private Limited reported revenue of ₹3.08 Lakh (up 2150% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over three years. EBITDA rose 68% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹3.08 Lakh | ||||
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| EBITDA | ₹16,236 | ||||
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| Net Profit (PAT) | -₹4,808 | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | -1.6% | ||||
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To see the full financial statements and ratios of Accelerate Network Private Limited, buy the company report.
Board of directors of Accelerate Network Private Limited
Accelerate Network has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Patel | Director | 16 Aug 2011 | 15 Years 2 Months | Current |
| Manish Purohit | Director | 01 Apr 2023 | 3 Years 6 Months | Current |
| Prakash Hemraj Joshi | Director | 16 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Accelerate Network Private Limited is audited by L S KOTHARI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L S KOTHARI & CO | FY 2020 | 001450C |
Shareholding
The shareholding of Accelerate Network Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Accelerate Network Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Accelerate Network Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Accelerate Network Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Accelerate Network Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Accelerate Network Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Manish Purohit was appointed as Director on 01 Apr 2023.
Frequently asked questions
Accelerate Network is an active private limited company based in Hingoli, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 16 August 2011 (15+ years old) and is registered under CIN U74120MH2011PTC220967.
Accelerate Network has 3 current directors:
- Deepak Patel - Director
- Manish Purohit - Director
- Prakash Hemraj Joshi - Director
The latest financial statements of Accelerate Network on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Accelerate Network is U74120MH2011PTC220967. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Accelerate Network was incorporated on 16 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Nagpur.
Manish Purohit was appointed as Director on 01 Apr 2023. Manish Purohit ceased to be Director on 21 Jan 2019. Deepak Patel was appointed as Director on 16 Aug 2011. Accelerate Network has 4 board changes on record in total.
The registered office of Accelerate Network is at Mandhane Complex Ganesh Peth Bank Colony Basmath, Hingoli, Maharashtra, India – 431512.
Accelerate Network operates in the machinery and equipment industry, in the industrial machinery retail and distribution segment.
The compliance status of Accelerate Network is compliant as of 29 September 2026. The company is actively filing with the Registrar of Companies.
Accelerate Network can be reached at its registered office: Mandhane Complex Ganesh Peth Bank Colony Basmath, Hingoli, Maharashtra, India – 431512.